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03 March 2020

IFC partners with Coronation Merchant Bank to boost trade finance in Nigeria

The International Finance Corporation has announced a $40 million Trade Finance Guarantee facility to Nigeria's Coronation Merchant Bank.The facility, made under its...

03 March 2020
in
Renewable energy, Traditional energy

IFC invests $200m in Standard Bank's green bond issuance

The International Finance Corporation has invested $200 million in The Standard Bank of South Africa's green bond, placed on the London Stock Exchange.The ten-year...

03 March 2020

AfDB appoints Bajabulile Tshabalala as acting senior VP

The African Development Bank has appointed Bajabulile Tshabalala as Acting Senior Vice President, with immediate effect.Tshabalala, currently AfDB's Vice President...

03 March 2020
in
Renewable energy, Social infrastructure, Waste and water

World Bank approves $160m grants for Burundi projects

The World Bank has approved two grants for a total of $160 million from the International Development Association to help improve essential services through solar power...

02 March 2020
in
Social infrastructure

New Gbessia airport concessionaire looking at DFI debt

Aeroports de Paris (ADP), Africa50, and the Guinean government have signed a new 25-year concession for the upgrade of Gbessia International Airport in Conakry,...

02 March 2020
in
Renewable energy

NEoT launches receivables securitization program for green energy projects in Africa

NEoT Offgrid Africa (NOA) has closed a receivables securitisation program with Zola Electricity Cote d'Ivoire with the aim of equipping more than 100,000 homes in...

02 March 2020
in
Social infrastructure

Piraeus begins cruise terminal expansion project

The port of Piraeus in Greece has launched a €120 million ($132 million) project to expand its cruise terminal.The project, which will involve the construction of...

02 March 2020
in
Renewable energy, Traditional energy

World Bank adds $325m financing to Turkish renewable energy project

The World Bank has approved additional financing of €289.5 million ($325 million) to the Turkish Electricity Transmission Company (TEİAŞ) for the Renewable Energy...

02 March 2020

CDB to support belt and road companies hit by coronavirus

China Development Bank is to provide support to coronavirus-hit Belt and Road Initiative-related companies.The bank will provide low-cost financing, special foreign...

28 February 2020
in
Traditional energy

Pemcorp gas-fired plant refi signing nears

Arroyo Energy is expected to sign on a $170 million seven-year loan in April to refinance the debt package stapled to its 131MW Pemcorp simple-cycle gas-fired project in...

28 February 2020

NDF joins ADB in launch of ADB Ventures

The Nordic Development Fund, along with the Asian Development Bank as fund manager, has launched ADB Ventures.The venture capital and technical assistance facility is...

28 February 2020

KfW IPEX finances data centre for MAIN DC in Offenbach

KfW IPEX-Bank has agreed €117 million in financing for the construction of a new data centre in Offenbach am Main, in central Germany. The overall investment is...

28 February 2020

IFC announces $25mi shared-risk facility for Nigerian SMEs

The International Finance Corporation has announced a $25million local-currency investment in a risk-sharing facility to expand Union Bank’s lending to small and...

28 February 2020
in
Social infrastructure

EBRD helps finance regeneration of Tallinn port district

The European Bank for Reconstruction and Development and Luminor Bank are providing financing worth €102 million to fund the regeneration of Tallinn port area in...

28 February 2020

ADB finances modernisation of vegetable production, irrigation in Mongolia

The Asian Development Bank has approved $40 million in loans to support the modernization of government-owned irrigation networks and vegetable production in Mongolia....

27 February 2020
in
Renewable energy, Waste and water

AfDB finances water, sanitation, solar projects in Burkina Faso

The African Development Bank is providing CFA42 billion (over €64 million) to Burkina Faso to finance water, sanitation and solar electrification projects.The first...

27 February 2020

Czerwinska appointed EIB VP

Teresa Czerwinska has been appointed vice-president and member of the Management Committee of the EIB. She will begin her new role on 1 March. Czerwinska was has been a...

27 February 2020
in
Social infrastructure

EIB, EU agree €204m loan for Bosnia and Herzegovina road project

The European Investment Bank and the European Union have agreed financing worth €204 million to develop a modern highway network along the Bosnian section of the...

27 February 2020
in
Social infrastructure

Gambia seals Saudi financing for Banjul airport project

Gambia is set to receive $12 million from the Saudi Fund for Development (SFD) to upgrade and modernize the Banjul International Airport to meet the required standard in...

27 February 2020

AfDB approves $122m framework to clear Somalia’s arrears

The African Development Bank and African Development Fund have approved a framework for $122.55 million to clear Somalia’s arrears, paving the way for the bank to...